Partial outsourcing: A real options perspective

作者: Luis H.R. Alvarez , Rune Stenbacka

DOI: 10.1016/J.IJINDORG.2006.01.003

关键词: BusinessMarket uncertaintyFinanceOutsourcingMicroeconomicsMode (statistics)Production (economics)Perspective (geometry)Function (engineering)

摘要: Abstract We apply a real options approach to develop general characterization of firm's optimal organizational mode. find that the threshold for establishment (partial) outsourcing is an increasing function underlying market uncertainty. Further, we show increased uncertainty induces higher proportion outsourced production once reached and this prescribes partial outsourcing.

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